Simmers & Co

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Should you have an Audit - or not?
Private companies that meet 2 of the 3 criteria of turnover up to 6.5 million, balance sheet total up to 3.26m or up to 50 employees do not need to have an annual statutory audit.
Initially, this seems like very good news for smaller to medium sized companies but there may still be advantages to having an independent audit of company accounts.

Some points to consider are: